GBP: Pound weaker as optimism wanes

by | Apr 16, 2020

The pound lost some of its gains yesterday and is still weak this morning, as optimism surrounding the coronavirus crisis waned. This came as the International Monetary Fund predicted that the global economy is expected to shrink by 3.0% during 2020. Both the Health...


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IMF predicts global economy to shrink by 3%

by | Apr 16, 2020

The pound came under pressure yesterday evening, with the effects of optimism over the results of lockdown in the UK seeming to shrink, as Matt Hancock warned that the country is still a way off the peak. The IMF has predicted that the global economy will shrink by 3%...


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Pound at a rate worth taking?

by | Apr 15, 2020

The pound strengthened to its highest against the euro and US dollar for over a month yesterday. Although it has slipped back a little since then, it’s still a positive sign when you consider we were knocking on the door of parity against the euro, and the...


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USD: Dollar awaits retail sales data

by | Apr 15, 2020

The dollar was weaker yesterday as global risk sentiment improved, meaning that investors began to move away from safe-haven currencies. However, it is stronger this morning due to prevailing global economic worries. US retail sales figures for March are due to come...


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